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See how verdicts workStudio flat · PO19 7JG
Listing removedListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of Chichester City Centre, this contemporary first-floor studio apartment is ideal for first time buyers and investors alike.
The accommodation consists of a bedroom/living area with bay window, large modern fitted kitchen, and a sizeable bathroom.
Located within the historic Cathedral City with immediate access to premier shopping, leisure, and cultural highlights, there are also excellent transport links including a mainline rail service to London Victoria and the A27 linking to Brighton and Portsmouth.
To the north, the South Downs National Park offers scenic trails, while the nearby Goodwood Estate hosts world-famous horse racing, golf, and motorsport events.
For coastal lovers, the area boasts sailing clubs, marinas, and the stunning West Wittering beach.
This property perfectly combines the convenience of vibrant city living with exceptional commuter access. Offered with No Forward Chain, contact us at your soonest opportunity to arrange your viewing.
BEDROOM/LIVING AREA 15' x 11' 3" (4.57m x 3.43m) KITCHEN 11' 11" x 10' 3" (3.63m x 3.12m) BATHROOM 9' x 9' (2.74m x 2.74m) AGENTS NOTE We understand the current annual Service Charge is £1000 & annual Ground Rent is £186.23.
There are 116 years remaining on the lease
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About The Hornet, Chichester
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